Reading through this wonderful bit of DD over on reddit today got me thinking,
BAM/Jim weren’t wrong about the early August ZOS, they were just early. What does (from what we’re told) BAM pick up on? Footprints of elephants. I think in early August there were elephants walking into AMC (and other meme stocks) and BAM saw that coming. I think that those that are short on AMC covered those footprints up as quickly as they could by pinning price and some on here took that as Jim being wrong. I don’t think he ever was, we just couldn’t see the footprints on the price action.
Next, I think BAM is potentially going to be “wrong” (early) again in Nov this year. If the above DD and BAM are right then we may see another big move late Nov before futures close in early Dec. I don’t think the move will be as early as Jim is seeing because I think he’s seeing the buying leading up to it.
I also think this possible futures DD may be why this will be like the Tesla squeeze. They will drag this out trying to mitigate their losses through futures but as the price rises with each step it holds that move up and we stair step out into next year making new highs each time.
Thoughts on any of this?